# CBI court denies bail to director in ₹550 crore Haryana fraud case 2026-08-09T08:49:41+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet A special CBI court in Panchkula has dismissed the bail application of Ankur Sharma, a co-director of shell company SRR Planning Gurus, in the alleged ₹550 crore Haryana government funds fraud case. Special judge Vijayant Sehgal observed that the allegations involved a large-scale economic offence and siphoning of substantial public funds, and noted the investigation was still pending. The CBI alleges that funds from three government departments, Haryana School Shiksha Pariyojana Parishad, Haryana State Pollution Control Board and the welfare commissioner, were credited to Sharma's company and then diverted to other shell entities, jewellers for gold conversion and cash, and used to buy a Mercedes-Benz and transfer money to his personal account. The court also noted Sharma faces a similar case in Chandigarh. ## Coverage - hindustantimes.com This story was synthesised by AI from the source linked above. Tags: bail denied, CBI, Haryana fraud case, public fund siphoning, shell companies Canonical: https://indianopinion.org/cbi-court-denies-bail-to-director-in-rs550-crore-haryana-fraud-case/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/cbi-court-denies-bail-to-director-in-rs550-crore-haryana-fraud-case/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/